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Earnings1 min read
Karur Vysya Bank Q2 Profit Climbs 37% to Rs 788 Crore
The lender reported higher quarterly profit and net interest income as deposits and advances grew year on year.
Key takeaways
- Karur Vysya Bank’s Q2 net profit rose 37% year on year to Rs 788 crore.
- Net interest income increased 19% to Rs 1,497.3 crore.
Karur Vysya Bank reported a 37% year-on-year rise in second-quarter net profit to Rs 788 crore. Its net interest income increased 19% to Rs 1,497.3 crore.
Total business grew 17.96% from a year earlier to Rs 2,39,712 crore. Deposits rose 15.96% to Rs 1,28,123 crore, while advances increased 20.35% to Rs 1,11,589 crore.
Shares reached a 52-week high of Rs 365.90 during Friday’s session. As of 05:57 UTC, they traded at Rs 349.20, up 1.03% from the previous close.
Topics
KARURVYSYA.NS
Further reading
This article was produced with the help of AI technology. Based on reporting by the outlets listed above.
